News Formal

U.K. opens inquiry into Google's takeover of data company

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 99%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Britain's competition watchdog said Tuesday it launched a formal inquiry into Google's takeover of cloud data analytics company Looker Data Sciences, as it intensifies scrutiny of technology deals.

The Competition and Markets Authority said it had notified the two companies on Monday that it was opening an initial inquiry and would decide on Feb. 13 whether to escalate it to a more in-depth investigation.

Google said in a statement that "the acquisition of Looker has received regulatory approval in the U.S. and Austria and we continue to make progress with regulators in the U.K."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. opens inquiry into Google’s takeover of data companyCompetition and Markets Authority said it was looking into whether the $2.6-billion acquisition would result in less competition in the U.K. market
Source: globeandmail - 🏆 5. / 92 Read more »

Cineplex Set To Be Sold To U.K. Company For $2.8 BillionThe Toronto-based company is Canada's largest chain of movie theatres Does the new company make good popcorn? I still miss empire theatres popcorn.
Source: HuffPostCanada - 🏆 61. / 53 Read more »